Sturm Ruger shareholders approve proposal for gun-maker to report on risks of its business

[Elderberry]

CNBC by Liz Moyer 5/9/2018



    A proposal, backed by the Northwest Coalition for Responsible Investment, asks gun makers like Sturm Ruger to prepare a report about the financial and reputational risks associated with their business.

    Ruger's CEO, Christopher Killoy, said at the company's annual meeting on Wednesday that the company will comply and prepare the report.

    It was the first major test this year for faith-based shareholder groups, which have been urging the nation's gun industry to act after recent extreme examples of gun violence.

A group of nuns and other faith-based investors won a shareholder vote at Sturm Ruger & Co. requiring one of the nation's largest gun-makers to prepare a report about the risks of its business.

Ruger's CEO, Christopher Killoy, said at the company's annual meeting on Wednesday that the company will comply and prepare the report. "Shareholders have spoken," he said.

But, he added, the winning proposal "cannot force us to change our business," and "cannot change what Ruger is about and what we stand for."

It was the first major test this year for faith-based shareholder groups, which have been urging the nation's gun industry to act after recent extreme examples of gun violence.

More: https://www.cnbc.com/2018/05/09/sturm-ruger-shareholders-approve-proposal-for-gun-maker-to-report-on-risks-of-its-business.html

[endicom]

You have the right to remain silent, anything you say can and will be used against you.

[txradioguy]

Expect this to happen more often with the publicly traded companies that manufacture firearms.

The gun grabbers never stop trying to find new ways to abrogate our Constitutional right to keep and bear arms.

[DB]

So shareholders are demanding that Ruger reduce the value of their shares...

Funny how liberals have a way of taking other people with them when they destroy stuff...

[Meldrew]

a report about the financial and reputational risks associated with their business.

What do they really Ruger to come back with? A report saying essentially that their business is bad, immoral and dangerous?  I know it's wishful thinking but wouldn't it be lovely if the Ruger folks came back with a report that said that the biggest risk associated with their business was anti-gunners and other assorted leftists trying to take away our second amendment rights?

[thackney]

a report about the financial and reputational risks associated with their business.

What do they really Ruger to come back with? A report saying essentially that their business is bad, immoral and dangerous?  I know it's wishful thinking but wouldn't it be lovely if the Ruger folks came back with a report that said that the biggest risk associated with their business was anti-gunners and other assorted leftists trying to take away our second amendment rights?

I hope they use this info:

Defensive gun use (DGU) happens more regularly in the United States than gun crimes, according to data the Centers for Disease Control (CDC) never publicized.

http://dailycaller.com/2018/04/22/guns-save-lives-cdc-never-publicized/

[IsailedawayfromFR]

I hope they use this info:

Defensive gun use (DGU) happens more regularly in the United States than gun crimes, according to data the Centers for Disease Control (CDC) never publicized.

http://dailycaller.com/2018/04/22/guns-save-lives-cdc-never-publicized/

That would be rich, exposing the risks of NOT being in the firearms business.

BTW, this CEO has a nice pedigree

Christopher J. Killoy Mr. Killoy was named President and Chief Executive Officer of the Company on May 9, 2017 and previously held the position COO of the Company from January 1, 2014 - May 9, 2017. Mr. Killoy has served as Vice President of Sales and Marketing since November 2006. During this time, he has been instrumental in executing the successful launch of many new products and in managing the Company's strong sales growth.

Prior to joining Ruger, Mr. Killoy was Vice President of Sales and Marketing for Smith & Wesson. Additionally, he served as Vice President and General Manager of Savage Range Systems. He is a member of the Board of Directors of the Sporting Arms and Ammunition Manufacturers' Institute (SAAMI) and the International Hunter Education Association Foundation (IHEAF).

He is a 1981 graduate of the United States Military Academy at West Point and subsequently served in a variety of Armor and Infantry assignments in the U.S. Army.

https://ruger.com/corporate/S-BOD-Killoy.html

[txradioguy]

I'm pretty sure this leftist gaggle of share holders wants Ruger to follow the current business model of Dick's Sporting Goods.

BTW...add Mossberg to the growing list of firearms manufacturers that won't do business with Dick's.

[Polly Ticks]

As the owner of a Ruger or two, I'm thinking the company should emphasize the risk that their customers will love the products they purchase so much that they choose to stick with what they own rather than purchase new ones, thereby impacting the bottom line.

[verga]

As the owner of a Ruger or two, I'm thinking the company should emphasize the risk that their customers will love the products they purchase so much that they choose to stick with what they own rather than purchase new ones, thereby impacting the bottom line.

:amen:Some of the finest firearms manufactured and at an affordable price.

[Fishrrman]

"A proposal, backed by the Northwest Coalition for Responsible Investment, asks gun makers like Sturm Ruger to prepare a report about the financial and reputational risks associated with their business."

Such "proposals" should be politely ignored, and tossed into the trash.